March Closing Tip: The importance of a T-47 Affidavit

March 7, 2017

March’s Closing Tip is to express the importance of including a T-47 Affidavit with your transactions.

University Title would like to remind you that the T-47 form is a crucial component to a contract and transaction. If this form isn’t being provided in the prescribed time (illustrated in Paragraph 6.C on the One to Four Family Residential Contract) the buyer is given the opportunity to terminate the contract at will.

If there have been no changes to the survey, the T-47 still must be completed stating that “no changes have occurred.” Please note this form must also be notarized.